Institutional Investors Are Betting On Limelight Networks Inc (NASDAQ:LLNW)

September 8, 2018 - By Richard Slagle

Limelight Networks, Inc. (NASDAQ:LLNW) Logo

Sentiment for Limelight Networks Inc (NASDAQ:LLNW)

Limelight Networks Inc (NASDAQ:LLNW) institutional sentiment increased to 2.23 in 2018 Q1. Its up 0.33, from 1.9 in 2017Q4. The ratio is better, as 78 active investment managers increased and started new equity positions, while 35 sold and trimmed stock positions in Limelight Networks Inc. The active investment managers in our partner’s database now own: 71.10 million shares, up from 70.76 million shares in 2017Q4. Also, the number of active investment managers holding Limelight Networks Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 13 Reduced: 22 Increased: 59 New Position: 19.

Limelight Networks, Inc. provides content delivery network services to deliver digital content over the Internet in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company has market cap of $540.68 million. The firm offers the Orchestrate Platform, a suite of integrated services, which include content delivery services, mobile delivery services, video content management services, performance services for Website and Web application acceleration and security, cloud storage services for various devices, and cloud content security services. It has a 42.11 P/E ratio. It also offers professional services and other infrastructure services, such as transit and rack space services.

The stock increased 1.48% or $0.07 during the last trading session, reaching $4.8. About 475,983 shares traded. Limelight Networks, Inc. (NASDAQ:LLNW) has risen 64.61% since September 8, 2017 and is uptrending. It has outperformed by 52.04% the S&P500.

Harvey Partners Llc holds 4.41% of its portfolio in Limelight Networks, Inc. for 725,000 shares. Quaker Capital Investments Llc owns 2.47 million shares or 3.59% of their US portfolio. Moreover, First Washington Corp has 3.46% invested in the company for 1.63 million shares. The Wyoming-based Cannell Capital Llc has invested 2.04% in the stock. Rk Capital Management Llc, a Colorado-based fund reported 2.11 million shares.

Since January 1, 0001, it had 0 insider buys, and 20 selling transactions for $1.93 million activity.

Limelight Networks, Inc. (NASDAQ:LLNW) Ratings Coverage

Ratings analysis reveals 100% of Limelight Networks’s analysts are positive. Out of 2 Wall Street analysts rating Limelight Networks, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $600 while the high is $600. The stock’s average target of $6 is 25.00% above today’s ($4.8) share price. LLNW was included in 2 notes of analysts from April 16, 2018. The stock of Limelight Networks, Inc. (NASDAQ:LLNW) earned “Buy” rating by Oppenheimer on Monday, April 16. The company was maintained on Tuesday, April 17 by FBR Capital.

More news for Limelight Networks, Inc. (NASDAQ:LLNW) were recently published by: Schaeffersresearch.com, which released: “AMD, Apple Set for Best Month in Years” on August 27, 2018. Nasdaq.com‘s article titled: “How Limelight Networks Shares Gained as Much as 11.9% Today” and published on August 27, 2018 is yet another important article.

Limelight Networks, Inc. (NASDAQ:LLNW) Institutional Positions Chart

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